AMD CEO Lisa Su confirmed that Valve's Steam Machine remains on track for early 2026 shipping, according to the company's Q4 2025 earnings call on 3 February. The update provides reassurance after months of silence since Valve's initial 'early 2026' announcement in November last year.
What AMD revealed about Steam Machine
During AMD's quarterly earnings call, Su stated that 'Valve is on track to begin shipping its AMD-powered steam machine early this year.' The confirmation comes as AMD reported gaming revenue increased 50% year-over-year to $843 million.
The Steam Machine will be powered by AMD's semi-custom APU featuring a 6-core, 12-thread Zen 4 CPU and an RDNA3 GPU with 28 Compute Units. The device has a 110W TDP, positioning it as a more powerful alternative to Valve's portable Steam Deck.
This marks AMD's continued partnership with Valve, following the success of the Steam Machine's game library preparations and the original Steam Deck's custom silicon.
Industry context and console cycle impact
Su noted that AMD expects semi-custom SoC annual revenue to decline by a 'significant double-digit percentage' in 2026 as the company enters the seventh year of what has been 'a very strong console cycle.' AMD currently provides chips for Xbox and PlayStation consoles, while Nintendo uses Nvidia silicon for its Switch consoles.
The Steam Machine represents a new category for AMD's semi-custom business, potentially offsetting some of the expected console revenue decline. The device will compete in the emerging mini PC gaming market alongside products like the GPD Win 5, which uses AMD's Ryzen AI Halo platform.
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